GasLog Ltd (NYSE:GLOG) – Equities researchers at Jefferies Financial Group reduced their FY2020 EPS estimates for shares of GasLog in a research report issued on Wednesday, November 6th, Zacks Investment Research reports. Jefferies Financial Group analyst R. Giveans now anticipates that the shipping company will post earnings per share of $1.23 for the year, down from their prior forecast of $1.42.
Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of GasLog from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Fearnley Fonds lowered shares of GasLog from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, BTIG Research cut their price target on shares of GasLog to $16.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. GasLog currently has a consensus rating of “Hold” and an average target price of $17.25.
GasLog stock traded down $0.03 during mid-day trading on Friday, reaching $9.36. 396,584 shares of the company traded hands, compared to its average volume of 715,948. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.80 and a quick ratio of 0.77. GasLog has a fifty-two week low of $8.68 and a fifty-two week high of $21.64. The company has a market capitalization of $759.29 million, a price-to-earnings ratio of 16.42 and a beta of 1.12. The firm’s fifty day moving average is $12.19 and its two-hundred day moving average is $13.27.
GasLog (NYSE:GLOG) last issued its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). GasLog had a negative net margin of 5.44% and a positive return on equity of 3.28%. The company had revenue of $165.59 million for the quarter, compared to analyst estimates of $164.49 million. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Friday, November 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Thursday, November 14th. GasLog’s dividend payout ratio (DPR) is currently 105.26%.
Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its holdings in shares of GasLog by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 91,137 shares of the shipping company’s stock valued at $1,312,000 after acquiring an additional 3,427 shares during the last quarter. BB&T Securities LLC boosted its holdings in shares of GasLog by 14.8% in the 3rd quarter. BB&T Securities LLC now owns 44,900 shares of the shipping company’s stock valued at $578,000 after acquiring an additional 5,800 shares during the last quarter. Strs Ohio boosted its holdings in shares of GasLog by 14.5% in the 2nd quarter. Strs Ohio now owns 48,900 shares of the shipping company’s stock valued at $704,000 after acquiring an additional 6,200 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of GasLog in the 2nd quarter valued at $5,099,000. Finally, Northern Trust Corp boosted its holdings in shares of GasLog by 4.0% in the 2nd quarter. Northern Trust Corp now owns 524,718 shares of the shipping company’s stock valued at $7,555,000 after acquiring an additional 20,152 shares during the last quarter. 39.81% of the stock is currently owned by institutional investors and hedge funds.
About GasLog
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.
